After all, 25-year-old Murphy just bought a $2.1 million, two-bedroom house in Venice, Calif., according to The Los Angeles Times. The 2,250-square-foot house, which LA Curbed said is located at 43 Brookes Ave., cost nearly double the median price of other homes in the neighborhood. It's designed by architect Larry Scarpa and artist Randy West, and comes with a balcony and a roofdeck.

Murphy may have dropped a lot of cash on the house, but he'll save money on his commute: His new digs are located close to Snapchat's new offices at 63 Market Street.